Nonprofit · EIN 41-1472668
SHALOM THRIFT SHOP INC
Tax-exempt · CAMBRIDGE, MN 55008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,099,975 | $797,420 | $302,555 | $1,702,837 | $187,083 | $1,515,754 |
| December 31, 2023 | 990 | $1,029,389 | $841,590 | $187,799 | $1,591,469 | $378,270 | $1,213,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,091,168
- Program service revenue
- $0
- Investment income
- $3,656
- Other revenue
- $5,151
Expenses
- Grants and similar amounts paid
- $630,200
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,370
- Accounting fees
- $4,410
- Occupancy
- $39,273
- Depreciation
- $27,215
- Program services (functional)
- $774,700
- Management and general (functional)
- $22,720
Balance sheet and other
- Total assets, start of year
- $1,591,469
- Total assets, end of year
- $1,702,837
- Total liabilities, end of year
- $187,083
- Net assets, end of year
- $1,515,754
- Land, buildings and equipment
- $1,036,981
- Net assets without donor restrictions
- $1,515,754
- Gross receipts
- $1,099,975
- Employees
- 0
- Volunteers
- 130
- Year formed
- 2008
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD HALVORSON | Facilities Mgr Trustee or director | 35 | $0 |
| PAT BOSER | Volunteer Coord Trustee or director | 8 | $0 |
| KAREN ANDERSON | President Officer | 16 | $0 |
| MARY MOLINE | Vice President Officer | 10 | $0 |
| RUTH BRENDE | Secretary Officer | 10 | $0 |
| CAROL CHAPMAN | Treasurer Officer | 30 | $0 |
| MARY ANN HANSON | Assistant Treas Officer | 8 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND RICHARDSON | Facilities Mgr Trustee or director | 35 | $0 |
| PAT BOSER | Volunteer Coord Trustee or director | 8 | $0 |
| KAREN ANDERSON | President Officer | 16 | $0 |
| MARY MOLINE | Vice President Officer | 10 | $0 |
| RUTH BRENDE | Secretary Officer | 10 | $0 |
| CAROL CHAPMAN | Treasurer Officer | 30 | $0 |
| MARY ANN HANSON | Assistant Treas Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 492, CAMBRIDGE, MN 55008-0492
- Principal officer (990 for 2024)
- KAREN ANDERSON, 1515 1ST AVE E PO BOX 492, CAMBRIDGE, MN 55008
- Signed the 990
- CAROL CHAPMAN, Treasurer
- Phone
- (763) 689-0348
- Return prepared by
- Newton Financial Solutions LLC
Mission
Raise funds for distribution to other non-profit organizations who assist those within the community in need of emergency food, shelter, clothing or other basic human needs. Funds are raised through the sale of merchandise donated from the general public.
Program accomplishments
- Distributed $630,200 to area churches and non-profits to assist area families with food, clothing, temporary housing and or other basic human needs along with assisting a senior citizen center. Organizations receiving grants are required to provide an accounting on the grants were used to ensure compliance with Shalom's mission.Expenses $774,700 · grants $630,200
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1472668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $1,702,837
- Income (IRS master file)
- $1,099,975
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,099,975 | $797,420 | $1,702,837 | IRS |
| 990 | December 2023 | $1,029,389 | $841,590 | $1,591,469 | XML |
| 990 | December 2022 | $920,160 | $653,756 | $1,464,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1472668).
Questions about SHALOM THRIFT SHOP INC
- What is the EIN of SHALOM THRIFT SHOP INC?
- The employer identification number (EIN) of SHALOM THRIFT SHOP INC is 41-1472668.
- Is SHALOM THRIFT SHOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SHALOM THRIFT SHOP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHALOM THRIFT SHOP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHALOM THRIFT SHOP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHALOM THRIFT SHOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHALOM THRIFT SHOP INC?
- The 990 for the year ended December 31, 2024 names KAREN ANDERSON.
- Who are the officers and directors of SHALOM THRIFT SHOP INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SHALOM THRIFT SHOP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,099,975, expenses of $797,420 and total assets of $1,702,837 at year end.
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